James Wynn, the Whale Who Previously Lost $100 Million, Quietly Returns to the Derivatives Market with a Tentative Long Position on ETH

BlockBeats News, August 20 — According to monitoring by HyperInsight, trader James Wynn, who rose to fame after amassing wealth by heavily investing in PEPE, has returned to the derivatives market after more than two months of silence. Yesterday, he opened a small ETH long position at a price of $4,239, with a position size of nearly $151,700 and a liquidation price of $4,053.52.

In March of this year, James Wynn shifted to the derivatives market, drawing widespread attention for his high-frequency, large-scale contract trading on Hyperliquid. However, due to a misjudgment of market direction, his high-leverage BTC long position was liquidated on May 30, instantly wiping out a $100 million position. Yesterday’s trade marks his first public position in over two months.